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Monetary policy

Fed’s Jefferson: Uncertainty around economy ‘especially high’

Fed’s Jefferson: Uncertainty around economy ‘especially high’

Federal Reserve, Monetary policy, Tariffs, Trump administration /

Al Drago/Bloomberg Key Insight: Federal Reserve Vice Chair Philip Jefferson said immigration and tariff policies have clouded his economic outlook and placed pressure on the central bank’s dual mandate. However, because tariffs have had a smaller-than-expected impact on inflation, he said he expects disinflation to resume after this year. Expert Quote: “I view the uncertainty […]

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Fed’s Schmid: Monetary policy is “where it needs to be”

Fed’s Schmid: Monetary policy is “where it needs to be”

Federal Reserve, Interest rates, Monetary policy /

Kent Nishimura/Bloomberg Key Insight: Federal Reserve Bank of Kansas City President Jeff Schmid said he supported a 25 basis point cut to interest rates in September as a precautionary measure, but thinks that going forward the central bank should continue to focus on cracking down on inflation. Expert Quote: “I view the current stance of

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Fed’s Powell mum on future interest rate cuts

Fed’s Powell mum on future interest rate cuts

Federal Reserve, Interest rates, Monetary policy /

Andrew Harrer/Bloomberg Key insight: Federal Reserve Chair Jerome Powell said the recent uptick in the unemployment rate and slowing job gains were factors that led the central bank’s rate-setting committee to cut short-term interest rates by 25 basis points. Expert quote: “Our policy is not on a preset course. We will continue to determine the

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Fed’s Bowman: ‘Serious risk’ of labor market deterioration

Fed’s Bowman: ‘Serious risk’ of labor market deterioration

Federal Reserve, Interest rates, Monetary policy /

Al Drago/Bloomberg Key insight: Fed Vice Chair for Supervision Michelle Bowman signaled that she is onboard for notable short term interest rate cuts if the labor market picture continues to worsen. Expert quote: “The recent data, including the estimated payroll employment benchmark revisions show that we are at serious risk of already being behind the

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More rate cuts eyed as Fed zeroes in on soft labor market

Economy, Federal Reserve, Monetary policy, Politics and policy /

Key insight: The Federal Reserve’s move to cut rates was bolstered by growing concern over a softening labor market. Expert quote: “Almost everyone wrote down support for this cut. Some supported more cuts, and some didn’t — and that’s just how it is,” — Fed Chair Jerome Powell  What’s at stake: Despite the Fed moving

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How will lenders recalibrate as Fed signals path to lower rates?

Chase, Federal Reserve, HWmember, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Origination, Refinancing, United Wholesale Mortgage /

Mortgage lenders are recalibrating ahead of the Federal Reserve’s anticipated monetary easing cycle by rolling out rate promotions, streamlining operations and broadening product menus. They aim to capture demand while navigating affordability and margin pressures.  Executives told HousingWire they’re preparing for renewed borrower activity as rates edge lower — but with caution, given political headwinds,

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Fed watchers anticipate rate cuts, watch for dissents

Economy, Federal Reserve, Monetary policy, Politics and policy /

What’s at stake: The Federal Reserve’s interest rate-setting body is expected to cut the federal funds rate by 25 basis points, but markets are also listening for hints of further and/or deeper cuts in the coming months.   Expert quote: “There’s the possibility that the Fed will be sending mixed messages because the consensus probably won’t

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Trump appeals ruling allowing Fed Gov. Cook to remain

Federal Reserve, Litigation, Monetary policy, Politics and policy /

Key insight: The White House has appealed a lower court ruling granting Federal Reserve Gov. Lisa Cook an injunction that allows her to remain at her post pending the outcome of her lawsuit challenging the president’s moves to fire her. What’s at stake: The appeals process, even if expedited, is unlikely to affect Cook’s participation

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Inflation creeps higher in August, amid looming rate cut

Economy, Home Prices, Monetary policy, Politics and policy /

Key Insight: Consumer prices rose 0.4% in August, doubling July’s 0.2% increase, indicating inflation is rising but remains moderate. Supporting Data: The inflation numbers come after the U.S. economy reported only 22,000 jobs in August, the weakest gain since the pandemic recovery, while unemployment ticked up to 4.3%. Forward Look: The data likely does not

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Mortgage rate declines are anchored to an expected Fed cut

Federal Reserve, HWmember, Inflation, Jobs Report, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Mortgage Rates Center /

With the next interest rate decision from Federal Reserve monetary policymakers just over a week away, mortgage rates have continued their downward trajectory as many lenders and investors have priced in a cut. But the markets will need to navigate one more inflation report before the Fed’s Sept. 17 meeting. On Tuesday at HousingWire’s Mortgage

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